Skip to content
Real Cryptocurrency Hub

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
    • العربية
  • News
    • Mining
    • Bitcoin (BTC)
    • ATM
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • ✉ Contact
  • Home
  • Bitcoin (BTC)
  • Should Investors Be Worried As Bitcoin Outpaces Gold In Performance?
  • Bitcoin (BTC)

Should Investors Be Worried As Bitcoin Outpaces Gold In Performance?

Lucas Duffy November 25, 2020 3 min read
bitcoin stimuli

News coming out from the crypto space this month, particularly this week, has revealed that Bitcoin, alongside other altcoins at the moment, has reached record breaking heights. While Ethereum just recently announced that it had hit the $600 mark for the first time, BTC, on the other hand, is hovering around an all-time high of $19,200, and analysts project that it may close the year on the $20,000 price. A look at gold’s performance shows that reverse is the case as its price has witnessed a decline of 8% in the same period where bitcoin has enjoyed at least a 24% gain.

US stock markets rise one of the factors that have sent gold crashing

The question investors at large have been asking is why gold is declining. Firstly, analysts believe this decline results from US stocks rising due to the prospect of covid-19 vaccine distribution in 2021. This is forcing investors to reconsider investment options in 2021. Coincidentally, it has been observed that gold only performs when the stocks are down. Analysts also argue that gold investors are touting new assets like BTC as options due to the current inflation rate and the rising prices.

Investors believe that BTC will provide them with massive long-term gains compared to gold. So high-net-worth investors and billionaires feel that BTC, in the long run, will provide value for money. Billionaire investor, Stanley Druckenmiller who recently made a foray into the BTC market, has said investors would choose BTC over gold because it has a “thinner” market. Investors do not need to hold it in large amounts to obtain decent exposure. He further stressed that the BTC has a lot of attraction as a store of value to all generations involved.

Analysts say Bitcoins market cap will soon overtake golds

Gold currently boasts a market capitalization of about $9 trillion compared to BTC’s over $200 billion market cap. Investors and analysts at large believe that it will only a matter of time before BTC will close its gap on gold. Billionaire investor and CEO of Gemini, a crypto exchange firm, Tyler Winklevoss, believes that with the impact BTC has made in less than a decade if it continues on this part, it will grow bigger than the gold market by a multiple of 45times. It is with this analogy in mind that investors feel like BTC is gradually becoming the digital gold and hence the high demand for BTC.

In the last week, CEO of Berkshire Hathaway’s and Billionaire investor Warren Buffet was reported to have sold off about 40% of his gold investments. What is shocking to note is that he sold them barely one year after his investment in the precious metals. It is believed that he did this to avert a massive loss on the investment.

Analysts also reported that investors might continue to follow Buffet’s path, considering that the “wolf of Omaha” is an admirer of long-time investments and questions to arise as he pulled out 40% of his investment. The recent decline in gold might continue to worry investors, at least for now, considering that BTC is projected to hit peak heights before the end of the year. We might see a surge in gold before the year ends but let’s see how events unfold.

Post Views: 542

Continue Reading

Previous: Bitcoin’s Growth Is Due To Accustomed Inefficiencies In Traditional Payment System, Says US SEC’s Chairman
Next: New Survey: Indian Investors Want a Clear Framework for Cryptocurrency

Related Stories

Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC
2 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto News

Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

August 4, 2022
Insurance Company Gets Sued For Not Covering Bitcoin Ransom Payment
3 min read
  • Bitcoin (BTC)
  • Crypto News

Insurance Company Gets Sued For Not Covering Bitcoin Ransom Payment

July 10, 2022
Bitcoin Tries Hard to cling to $20k as Its Future is Expected to be Bumpy
2 min read
  • Bitcoin (BTC)
  • Crypto News
  • Price Analysis

Bitcoin Tries Hard to cling to $20k as Its Future is Expected to be Bumpy

July 1, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$21,348.00
-8.84%
ethereum
Ethereum (ETH)
$1,698.44
-9.45%
tether
Tether (USDT)
$1.00
0.07%
usd-coin
USD Coin (USDC)
$1.00
-0.02%
binancecoin
BNB (BNB)
$285.41
-6.23%
ripple
XRP (XRP)
$0.343899
-9.36%
cardano
Cardano (ADA)
$0.464119
-12.53%
dogecoin
Dogecoin (DOGE)
$0.069643
-10.89%
polkadot
Polkadot (DOT)
$7.48
-10.94%
Uniswap
Uniswap (UNI)
$7.11
-10.06%

Recent Posts

  • Crypto Broker Genesis Slashes Workforce and Announces CEO’s Exit

    Crypto Broker Genesis Slashes Workforce and Announces CEO’s Exit

    On Wednesday, digital asset broker Genesis made several announcements, the first of which was that its chief executive
  • Galaxy Digital Terminates Bitgo Acquisition Deal

    Galaxy Digital Terminates Bitgo Acquisition Deal

    Mike Novogratz, the founder and chief executive, of Galaxy Digital Holdings, announced that the company had chosen to
  • Bank Of Russia Intends To Launch Digital Ruble In 2024

    Bank Of Russia Intends To Launch Digital Ruble In 2024

    A paper detailing the priorities of the Russian central bank for its monetary policy between the 2023 and
  • Class-Action Lawsuit Accuses Robinhood Of Market Manipulation

    Class-Action Lawsuit Accuses Robinhood Of Market Manipulation

    A class-action lawsuit was recently filed against Robinhood, which supports stock and crypto trading, and the platform has
  • JP Crypto Review – a Recommended Crypto Broker

    JP Crypto Review – a Recommended Crypto Broker

    JP Crypto Review Suppose you are interested in trading cryptocurrencies but are hesitant to do so due to

Start Trading

Categories

Top Posts

  • Weekly Crypto Round – El Salvador Accepts BTC, WazirX Under Inspection…

    Weekly Crypto Round – El Salvador Accepts BTC, WazirX Under Inspection…

    Briefly – – A bittersweet week in the crypto market as one side legalizes crypto while regulatory tensions
  • India enters a new era of cryptocurrency

    India enters a new era of cryptocurrency

    India is living through interesting times for the cryptocurrency domain. In India, exchanges’ daily trade volumes are increasing
  • At Least 500 Restaurants in US Offering Bitcoin Rewards to Diners

    At Least 500 Restaurants in US Offering Bitcoin Rewards to Diners

    Landry’s, which is one of the biggest restaurant chain of the US, has been pleased to offer Bitcoin
  • Price Analysis for LZP, ORGN, GST, and more among Newly-Listed Cryptocurrencies

    Price Analysis for LZP, ORGN, GST, and more among Newly-Listed Cryptocurrencies

    According to data from CoinMarketCap, many cryptocurrencies have been launched today into the cryptocurrency industry. While most of
  • Crypto.Com Adds Google Pay Payment Option

    Crypto.Com Adds Google Pay Payment Option

    A new feature has recently been introduced by a prominent crypto trading platform named Crypto.com. The company’s goal

Archives

You may have missed

Crypto Broker Genesis Slashes Workforce and Announces CEO’s Exit
2 min read
  • Brokers
  • Crypto News

Crypto Broker Genesis Slashes Workforce and Announces CEO’s Exit

August 18, 2022
Galaxy Digital Terminates Bitgo Acquisition Deal
3 min read
  • Crypto Marketplace
  • Crypto News

Galaxy Digital Terminates Bitgo Acquisition Deal

August 17, 2022
Bank Of Russia Intends To Launch Digital Ruble In 2024
3 min read
  • Crypto News

Bank Of Russia Intends To Launch Digital Ruble In 2024

August 16, 2022
Class-Action Lawsuit Accuses Robinhood Of Market Manipulation
2 min read
  • Crypto News
  • Cryptocurrency/Cryptocoin

Class-Action Lawsuit Accuses Robinhood Of Market Manipulation

August 15, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • CTmatador
  • DXCBIT
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Virtual Payout
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • ArgoTrade
  • Global Solution
  • CTProz
  • Alfabtc
  • JP Crypto
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$21,348.00-8.84%
  • ethereumEthereum(ETH)$1,698.44-9.45%
  • tetherTether(USDT)$1.000.07%
  • usd-coinUSD Coin(USDC)$1.00-0.02%
  • binancecoinBNB(BNB)$285.41-6.23%
  • rippleXRP(XRP)$0.343899-9.36%
  • cardanoCardano(ADA)$0.464119-12.53%
  • SolanaSolana(SOL)$37.06-9.48%
  • dogecoinDogecoin(DOGE)$0.069643-10.89%
  • polkadotPolkadot(DOT)$7.48-10.94%
  • UniswapUniswap(UNI)$7.11-10.06%
  • bitcoin-cashBitcoin Cash(BCH)$118.20-11.28%